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3 replies

Level 15
November 13, 2024
No text available
Trader74Author
Level 2
November 13, 2024

Broker states that the loss will appear on the statement but they can't put on 1099B.

 

Yes stock is worthless zero dollar value

 

evelynm
Employee Tax Expert
Employee Tax Expert
November 13, 2024

If it is on the statement, not the 1099B simply add it as a line item with zero proceeds and cost equal to your loss.   Indicate in TurboTax:  Select Long-term did not receive 1099-B form.

 

Have an amazing day. Evelyn M (CPA 20+ years). I would love a thumbs up :) + Mark the post that answers your question by clicking on "Mark as Best Answer".